19 Nov 2015 14:58
To: RNSFrom: Drum Income Plus REIT plcDate: 19 November 2015
Drum Income Plus REIT plc
Cancellation of Share Premium Account and Utilisation of Special Reserve
Drum Income Plus REIT plc (the "Company") announces that on 18 November 2015 the High Court confirmed the cancellation of the share premium account in accordance with the special resolution passed on 24 April 2015.
The special resolution authorised the Directors to apply to the High Court for an order to cancel the Company's share premium account, and to enable the application of the resulting distributable capital reserve to be applied in any manner in which the Company's profits available for distribution are to be applied.
The High Court has confirmed that the Company's special reserve can be applied in any manner in which the Company's profits available for distribution are to be applied.
All enquiries
Martin Cassels, Company SecretaryTel: 0131 550 3760